Falling tariffs, power evacuation issues, and non-performing assets in the thermal power sector are among key reasons behind lenders’ flinching confidence in the clean energy sector, stakeholders said.

Falling tariffs, power evacuation issues, and non-performing assets in the thermal power sector are among key reasons behind lenders’ flinching confidence in the clean energy sector, stakeholders said.

The cancelled tenders represent half of the 18,000 MW bid out by these agencies till August. The cancellations coincide with the pace of solar capacity addition dropping 52% to 1,599 MW in the April-June period from 3,344 MW in the January-March period of 2018.